OLD Point Trust & Financial Services N A Has $1.12 Million Stake in Salesforce Inc. $CRM

OLD Point Trust & Financial Services N A raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 13.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,122 shares of the CRM provider’s stock after purchasing an additional 490 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Salesforce were worth $1,124,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Painted Porch Advisors LLC boosted its stake in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC boosted its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC bought a new stake in Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

NYSE CRM opened at $256.78 on Thursday. The company has a 50-day simple moving average of $245.85 and a two-hundred day simple moving average of $257.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market cap of $244.45 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.17 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.56 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Analysts Set New Price Targets

CRM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a report on Thursday, October 16th. Canaccord Genuity Group decreased their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Robert W. Baird decreased their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $325.23.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $252.28, for a total transaction of $567,630.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,005,051,131.88. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 78,750 shares of company stock worth $19,448,213 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.